Review of deposit interest rates in Uzbekistan for August

Average interest rate on checking accounts in soums in August comprised 4.27%. The interest rate increased by 0.42 points in past month.

Average interest rate on 3-month soums deposit decreased by 0,41 points and in August made up by 20.45%.

Average interest rate on 6-month soums deposits decreased by 0.45 points to 21.60%.

Average interest rate on 12-month soums deposit in August increased by 0.71 points compared to previous month to 22.50%.

Average annual interest rate on term deposits in soums in August made up 21.47%, and decreased by 0.04 compared to previous month.

In August, average annual interest rate on term deposits in the US dollar was 6.94% or fall down 0.16 points compared to July.

Average interest rate on term deposits in euro decreased by 0.28 points and made up 6.18%.

Changes in soums deposits are connected to introduction of new deposits and positive change of interest rates in a number of banks of Uzbekistan. Leaders among them are Turkistanbank and Hi-Tech Bank. Largest increase in rates are spotted in 12 month term deposits, with 2-4 points grow in a leading banks.

The investment company said changes in USD and Euro are not significant and related to suspension of some deposits.

AFS Research gathers information from 27 main commercial banks based on publications in mass media and direct interaction. The review includes information on each bank, current and previous interest rates, changes, etc.

AFS–Research is investment company, providing wide-scale services for work in capital market. Main directions of activity are investment analytics, investment-banking services and investing consulting. Company web-site: www.afs-research.com.